Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    East Texas Land Tract Title is generated by Realmo AI

    Cowpen Road 68.44 Acres, Karnack, TX 75661

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $301,000

    LAND - Karnack, TX

    Lot size:
    68.44 Acres
    Added:
    Apr 13, 2026
    Days on Market:
    44
    Last Refresh:
    May 26 at 9:06 pm

    Property Features for Cowpen Road 68.44 Acres

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Fenced, Partial
    Standard status
    Active Under Contract
    Lot size
    68.44 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3400

    We can help!

    Listing Contact
    Scott Nolan
    Scott Nolan

    Listing agent Scott Nolan License #TEXAS664513

    Listing office Nolan Properties LLC 4308 GILMER ROAD, Longview, TX

    Listing date Apr 13, 2026

    MLS# 20262601 Listing URL

    Copyright © 2026 Longview Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 68.44‑acre East Texas tract, offering ample space and privacy.
    • Conveniently located near Marshall, Jefferson, and Caddo Lake.
    • Versatile property suitable for residential, recreational, or investment use.
    • Features a small creek attracting abundant wildlife.
    • Mix of hardwoods and planted pines, creating a beautiful natural setting.
    • Potential homesites available, ideal for a private residence or retreat.

    Overview

    This 68.44-acre tract is located in East Texas, within the Karnack Independent School District. The property is conveniently situated a short drive from Marshall and Jefferson, and minutes from historic Caddo Lake. This versatile land offers possibilities for residential, recreational, or investment use. A small creek runs through the property, attracting abundant wildlife. The land features a mix of hardwoods and planted pines with potential homesites, providing a setting for a private homesite, weekend retreat, or outdoor getaway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Karnack
    County
    Harrison
    State
    Texas
    Longitude
    -94.198502
    Latitude
    32.625689

    Nearby Similar for Sale

    • $3,515,000

      Karnack Ranch with High Fence

      417-acre high-fenced ranch with lakes, barns, and modular home.
      401 Leather Shop Road, Karnack, TX 75661
      View Details
    • $648,900

      Secluded Timber and Recreation Retreat

      206-acre timber and recreation retreat in Harrison County, Texas.
      Tbd FM 1998, Karnack, TX 75661
      View Details
    • $99,500

      Waterfront Land on Caddo Lake

      Waterfront lot with open water views and wooded privacy.
      451 WIGGINS RD, Karnack, TX 75661
      View Details
    • $369,900

      Caddo Lake Retreat Opportunity

      Cozy 3-bedroom home near Caddo Lake with RV hookups.
      500 Jackson Arms Rd, Karnack, TX 75661
      View Details
    • $915,000

      Caddo Lake Recreation Business Opportunity

      Turnkey waterfront business with RV pads, cabins, and boat storage.
      7415 N State Line Road, Karnack, TX 75661
      View Details
    • $54,500

      Caddo Lake Waterfront Land

      0.363-acre lot near Caddo Lake's edge.
      Jackson Arm Rd, Karnack, TX 75661
      View Details
    • $400,000

      Former Rehab Facility on 2.5 Acres

      Former rehab facility suitable for various uses on 2.5 acres.
      10425 FM 134, Karnack, TX 75661
      View Details
    • $84,000

      East Texas 14-Acre Tract

      14-acre East Texas tract near Caddo Lake and Marshall.
      Cowpen Road 14 Acres, Karnack, TX 75661
      View Details
    • $389,000
      1,600 SF

      Caddo Lake Riverfront Retreat

      Furnished riverfront home on Big Cypress River with stunning views.
      230 W Sesame Street Karnack TX, Karnack, TX 75661
      View Details

    FAQs

    What type of property is this?
    Land - 68.44 acres in Karnack ISD near Caddo Lake.
    Where is this land located?
    The property is located at Cowpen Road 68.44 Acres Karnack, TX.
    What is the asking price?
    The asking price for this property is $301,000.
    What are key features of this property?
    This property features: 68.44‑acre East Texas tract, offering ample space and privacy.; Conveniently located near Marshall, Jefferson, and Caddo Lake.; Versatile property suitable for residential, recreational, or investment use.
    (903) 738-5636
    We can help!
    Listing Contact
    Scott Nolan
    Scott Nolan
    Real Estate License ID: TEXAS664513
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Cowpen Road 68.44 Acres, Karnack, TX 75661
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!